|Rate Hold||130 Days (Aug 31)
The length of time that the lender will guarantee the rate. If you don't close by the date in parentheses, the rate is subject to change.
|Permitted Loan-to-Value||Up to 95%|
|Max Property Value||Inquire|
|Max Amortization||25 Years|
|On Ratespy Since||May 29, 2018|
|Last Updated||Mar 01, 2021|
|Previous Update||Feb 11, 2021|
|Latest Rate Change||-0.20%|
|Rate ID #||349|
All BMO Bank of Montreal mortgage rates
How It Compares
This rate is:
- The 8th-lowest 5-year variable rate as of April 23, 2021
- Ranked 137 out of 2872 rates for popularity.
Check this provider's website for complete details.
This is the bank's official special offer rate. Lower discretionary rates may be available to well-qualified borrowers.
The 5-year variable special rate (closed) term is equal to our Prime Rate ? 0.20%. The Annual Percentage Rate (APR) is based on a $350,000 mortgage, 25-year amortization and an appraisal fee of $300, which may be required to complete your lending application. Mortgage funds must be advanced within 130 days from the date of application. Appraisal fees are subject to change. An increase in the appraisal fee may result in an increase to the APR. This offer may be changed, withdrawn or extended at any time without notice. The interest rate for a variable rate mortgage is calculated monthly, not in advance. Applications are subject to meeting BMO's usual credit criteria. Some conditions may apply. This offer is not available for renewals of existing BMO mortgages.
RateSpy does not see or store your contact information or personal information when you inquire about a rate. The information you enter goes directly to the lender. Mortgage rates listed are subject to change at any time and apply to those with approved credit. Please contact the mortgage provider directly for more information.